Have you ever noticed how most people end up losing money when investing in real estate? This is going to be extended to the institutions that figured they could make money in real estate by making it a data driven decision.
In this video I discuss how real estate is always local. This means that looking at things on a broad scale does not give the nuances that is required to make money. We saw this with Zillow's failure in the home flipping industry. That was an epic failure. This is a story that keeps being repeated.
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